Story of the Day – Page 2
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IT Interview
Matt Hicks: Addressing underinsurance via digital transformation
’We’re not trying to disintermediate the broker in anyway, we’re trying to enable them by licensing them via a technology platform,’ says chief commercial officer
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News Analysis
How will the insurance industry be affected by new business requirements to protect against terrorism?
’We are hopeful that suitable and adequate insurance will remain available,’ says head of technical services
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News Analysis
What’s driving more UK brokers to sell up?
’The sentence we hear most often is ‘this world is not mine anymore’,’ says chief executive
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IT Interview
Graham Hawkins: The unintended environmental consequences of ‘green’ initiatives
’Just because something is green, [this] does not mean it is not going to pose a risk to the environment if it goes wrong,’ says associate director and head of environmental
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News Analysis
Is carbon credit cover the next cyber market?
The carbon credit insurance market presents a ‘really exciting’ opportunity – especially as it could be worth up to £24bn by 2050
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IT Interview
Carl Shuker: ‘Single Howden brand’ seeks to continue growth trajectory by being ‘client centric’
UK and Ireland chief executive believes ‘there is still a huge demand for advice’ from insurance ‘clients of all shapes and sizes’
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IT Interview
Jane Kielty: Aon leverages expertise and scale to ‘join the dots’ for clients
’We’re creating new solutions where they didn’t exist before to help clients solve problems,’ says broker’s UK chief executive
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News Analysis
The double-edged sword of data science
Although data science has been a huge help to the insurance industry, it brings its own risks too and insurers must ‘understand the risks rather than go in blindly’, according to data science lead
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News Analysis
Tackling opportunistic fraud requires ‘a measured approach’
Experts at March’s Fraud Charter event discussed the appropriate response to the shifting profiles of those carrying out fraud
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News Analysis
Insurance M&A continues to rise – but has it reached its peak?
Broking M&A is focusing on the extremities of the UKGI marketplace, with smaller firms being eyed up and the ‘consolidation of the consolidators’ potentially on the cards too, says co-founder
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News Analysis
Is travel insurance next on the FCA’s radar?
The regulator’s approach to Gap insurance has signalled its enforcement style for 2024 – but could travel policies ‘riddled with caveats’ be the next product under the fair value spotlight?
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News Analysis
In Focus: How MGAs stop brokers being left ‘high and dry’ as capacity fears continue
’If we can’t service the broker quick enough, we’d lose the sale, they lose the sale, conversion drops and ultimately it hurts all of us,’ says head of broker development
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News Analysis
TechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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IT Interview
Tim Bailey: ‘Attracting and retaining talent’ vital to Zurich’s success
Since taking the helm, nurturing a pipeline of diverse talent has been one of the main priorities for Zurich’s chief executive
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IT Interview
Owen Morris: Aviva’s personal lines growth is centred on being consistent, not ‘flashy’
Personal lines managing director is ‘fairly ambitious’ for 2024 and will be vigilant for ‘exciting opportunities’ around new products
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News Analysis
The Big Question: How does the increasing integration of data analytics in insurance impact the war for talent?
AI and advanced data analytics are already making waves in the insurance sector. Insurance Times interviews five industry experts to delve into their perspectives on the significance of this technological transformation for the industry.
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News Analysis
UK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News Analysis
In Focus: Are MGAs replacing traditional insurers and how are they differentiating themselves to grow market share?
Insurance Times asks industry experts how MGAs are standing out to supersede insurers and increase their market share
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IT Interview
Jason Storah: Brokers are ‘fundamentally important’ to Aviva
Although new UKGI boss didn’t expect to move away from his Canadian business leadership, he swiftly recognised the ‘really big opportunities’ present in the UK market
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IT Interview
Jason Storah: Aviva’s Probitas buy marks ‘win-win’ to accelerate ‘organic ambitions’
The purchase gives the insurer instant ‘scale’ in the Lloyd’s market, says UKGI chief executive